Household Income, Property Value and Poverty

Household Income

Household Income in Tempe (2022) shows:

1. Most Common Income Bracket:
   The $60,000 to $74,999 income range has the largest number of households (10,253), making it the most common income level in Tempe.
2. Mid-to-High Income Prevalence:
   Several mid-to-high income brackets such as $100,000 to $124,999 (9,835 households) and $75,000 to $99,999 (8,434 households) also have a significant number of households, indicating that a substantial portion of the population earns relatively higher incomes.
3. Lower Income Groups:
   There are still a notable number of households earning less than $10,000 (4,727) and in the $10,000 to $14,999 range (3,410). However, these lower-income brackets are less common compared to the mid-income range.
4. Wealthier Households:
   The $150,000 to $199,999 bracket includes 7,506 households, showing a fairly strong presence of wealthier families. The $200,000 or more category (4,760 households) also represents a significant group.
5. Lower-Mid Income Brackets:
   Income ranges like $30,000 to $34,999 and $25,000 to $29,999 have a smaller number of households (around 2,058 and 1,734, respectively), showing a gradual increase from the lowest income but not as prevalent as the higher brackets.
6. Tempe and the Phoenix-Mesa-Chandler Metro Area have a higher concentration of middle-to-upper-income households, particularly in the $60,000 to $99,999 and $100,000+ ranges, compared to the national average. Tempe also has a larger share of households earning $200,000 or more. In contrast, lower-income households (under $30,000) are less common in these areas than nationwide. Maricopa County and Arizona display a similar income distribution but with slightly more balance across all income ranges. Tempe stands out for having fewer households in the lowest income brackets.